Characteristics of Human Wants

Characteristics of Human Wants

a. Wants are unlimited

Human wants are countless in number and various in kinds. When one want is satisfied another want crops up. Human wants multiply with the growth of civilization and development.

b. Wants become habits

Wants become habits; for example, when a man starts reading news paper in the morning, it becomes a habit. Same is the case with drinking tea or chewing pans.

c. Wants are Satiable

Though we cannot satisfy all our wants, at the same time we can satisfy particular wants at a given time. When one feels hungry, he takes food and that want is satisfied.

d. Wants are Alternative

There are alternative ways to satisfy a particular want eg. Idly, dosa or chappathi.

e. Wants are Competitive

All our wants are not equally important. So, there is competition among wants. Hence, we have to choose more urgent wants than less urgent wants.

f. Wants are Complementary

Sometimes, satisfaction of a particular want requires the use of more than one commodity. Example: Car and Petrol, Ink and Pen.

g. Wants are Recurring

Some wants occur again and again. For example, if we feel hungry, we take food and satisfy our want. But after sometime, we again feel hungry and want food.